President Barack Obama will talk about ways students can manage their debt at the speech tomorrow on the Auraria campus.

WASHINGTON — White House officials confirmed this morning that the president will talk about ways students can better manage debt and make an announcement on college affordability when he speaks at the Auraria campus tomorrow.

The president, on a western swing through California, Nevada and Colorado this week, will “highlight measures to help students better manage their student loan debt when they graduate,” White House officials said Tuesday morning.

A couple hundred Auraria campus students camped out all night to get one of 4,000 tickets to the first-come, first-served event tomorrow.

“If the message is going to be about debt management, I think all of our students are very concerned about managing their debt and managing their higher education,” said Raul Cardenas, associate vice chancellor for student affairs at the University of Colorado Denver. “You hope the message is one of hope and one of support and one of recognition of sacrifice they’re making, not only in the classroom but financially. I think they’d be encouraged by that.”

Jerry Wartgow, chancellor of the University of Colorado Denver, said this this morning, that the program will have many students included.

“We’re very excited to have the president here,” Wartgow said. “I think it’s going to be a packed place. Most of the people are going just to see the president, I don’t know if they’re going for a message, but if he said anything about student debt, I’m sure … they would love to hear that.”

A student, Mahala Greer, who will graduate in May and wants to apply for Teach for America, is going to introduce the president. She’s going to make a few comments about her background and what college did for her, Wartgow said. Greer is from Paonia and is majoring in Spanish. She was her high school’s valedictorian in 2006 and is a stellar student at CU-Denver, school officials said.

She has been on her own since graduating from high school and had to take a semester off to work full-time to make money to pay her way through school, officials said.

I’m sure you’ll be happy to know that not even Pat Roberson thinks they can win in 2012 because they’ve been such idiots and you’re an idiot for listening to them. They don’t give a damn about you, fool.

MR

The incompetence of Republicans does not excuse Democrats from engaging in the same behavior. It only highlights the fact that both parties are two sides of the same rotten coin that needs to be melted down for scrap.

– check out his voting record and you can see consistency that spans DECADES- O-baaa-ma couldn’t keep 1 promise from his 2008 campaign, and the only thing he does consistently is deceive the American people, while robbing us blind- turn off the TV already– your being brainwashed.

END THE FED=END YOUR SLAVERY
RON PAUL 2012!

Anonymous

You’re an idiot.

Eggon801

Student Loans are the obligation of the individual student. Period. If you are not willing to accept that responsibility post graduation then do not take student loans. Pursue alternative education options or get a job. My student loans were my obligation and no one else was responsible to see them repaid. They have been repaid in full. The word accountability needs to mean something again in this country. Without personal accountability there will be further decline and the end of our success as a country. Our President needs to stop encouraging people to shed accountability!

I agree with you on one thing – Accountability – BANKS that allowed the student loans to be approved in the first place at usury interest rates need to be held accountable – AND – colleges that charged the over-inflated tuition costs need to be held accountable as well.

Rick_novy

JP Cruz, if banks have made usury rated loans and colleges have charged the over-inflated tuition, the President’s solution does nothing to fix that problem. To the contrary, it does just the opposite. It subsidizes that behavior with tax payer money. And, it encourages more of the same. Someone smart enough to go to college needs to be smart enough to avoid such traps.

Ace

If college kids can’t figure out loan rates, or can’t take the time to investigate other options, or sign up for credit cards even though they have no income, they need something more basic than college.

Anonymous

Schools tuition costs have risen astronomically! My law Professor paid $1,000 or so per semester back in the 80’s. I paid $15,000.

I’m currently unemployed I have been looking for any job I can find. MOST JOBS require you to a have a college degree. I have been looking for jobs as an administrative assistant…you know answering phones, filing. MOST jobs are asking for someone who has a 4 year degree to do THAT. So for a, probably $10 per hour job, I have a to be college educated, and since a $10 per hour job is probably not going to pay my bills, let alone school loans, I’m sort of caught in a pickle aren’t I? So huge tuition costs are forcing students to take out loans in order to be able to afford to attend college because that seems to be the new entry-level requirement. They really have no choice because even basic jobs that don’t require any specialized skills are being filled by college graduates. (and by the way, most college kids are working at the same time as they go to school even though they take out student loans because those loan checks get signed over to the school and basically only covers their tuition.

The price of an education has far outpaced the value of a degree in the job market. Period.

pretty harsh….lets play nice, we are all in this together- like it or not. Maybe you’re offering that student a JOB? That’s what I’d call “getting to work”. Maybe its time as citizens those of us in the position to help employ these people stop the madness and start hiring based on the individuals abilities, desire, and merit instead of conforming to the machine’s product placement and human disenfranchising in our boxed in society- just a thought.- much love to all

As far as your federal loans go, the bank didn’t have a thing to do with it. That was all controlled by your school. A little perspective and education wouldn’t hurt you before posting your comments.

Elitecarwash

Go Eggy Go

Lee McLaughlin

Did you know that the vast majority of people who default on their student loans do so because of hardships such as divorce, single parenthood, illness, job loss, accidents, etc, many of which lead to bankruptcy and loss of homes. Don’t worry, no one who defaults on their loans just walks away from them. They are not dischargeable in bankruptcy, there is no statute of limitations on them and interest, fines and penalties continue to accrue, often doubling or tripling the original loan amount. Even if you are homeless and live on the street, the government expects that you will pay. If the loan holder is even working a minimum wage job, money is garnished and tax returns are withheld. I am a woman who took out Parent Plus loans for my daughter’s education and became too disabled to work with multiple health problems. My social security disability check is being garnished, further preventing me from getting the help I need to try to deal with my serious health concerns. I will go to my grave trying to pay these off.. I am happy for you that no misfortune struck you down and that you were able to pay your loans off in full. Thousands of people such as myself are not so lucky.

Anonymous

There you go again, Lee.
Don’t you know it’s not fair that you disturb the righties’ neat little ideological mind set with the facts?
Individual responsibility” is code for “Keep ‘THEM’ in their place.”
Ever see a rightie throw that phrase in the face of some fat cat millionaire who refuses to pay his fair share of the expense of running this country?

I love how the neo-Teaparty thinking is just “get a job” ignoring that a college degree goes a long way in doing just that! The dumb pile on continues when they ignore that Tuition keeps rising cause of budget cuts (especially with the non-ending Public Universities facing cuts) which causes students to take on even more debt so they can finish their studies. The logic is so broken on the Right that it’s an insult to the word Logic to even insert it in a rebuttal statement.

Anonymous

Where did you go to school?
WHEN did you graduate?
HOW MUCH was your tuition per semester?
How much were you students loans in total?
Did you go to a public or private school?
Do you have a 4 year degree a 2 year degree, or did you go to a trade school?
Answer those questions.

Joel

Here’s a huge problem with it….we take loans to obtain a better education which in turn will get us a better paying job, but then you take away the tax write off (student loan interest — similar to home mortgage interest) if we make “too much” money. This is a deterrent to even want to try for a better life and the American Dream. If we don’t have rich parents to pay our way, we borrow…that is the ONLY way to get through graduate school and residency. You cannot make enough working through grad school to pay it off as you go so we have to borrow….so leave us with the same tax rights as the ones who only go through undergraduate college.

Anonymous

Just because I can’t write of the interest of my loans after a certain income amount, absolutely does not mean that I won’t try and make more money. That’s the most ridiculous assertion I have heard in awhile.

MSWJ

When I started at CU in 1967 it was possible to earn tuition and fees during the summer and work for room and board being a dorm hasher or dishwasher. I managed to get through without student loans. By the time I graduated, That was no longer the case. The dorms increased the charges and pay to student workers didn’t cover it. It is a travesty that today, with a college education being so much more important, that only a select few can make it through without significant debt. Today’s job market doubles the problem.

Student loans need to be given at 0% interest plus inflation. Education is an investment and it is in the countries best interest to help anyone and everyone go. If the government paid for everyone’s college, we would still come out ahead.

Luvspanthers

affordability?? How about this one, I went to college back in 1986/1987, got “ONE” Loan & “ONE” “GRANT!” unfortunately fell on hard-times, couldn’t afford to pay the loan off right away, so our “so called” government was so nice in garnishing my wages for over 12 years! 25 years later They are now “garnishing” my wages for the “GRANT”!!! I was under the impression, a “GRANT” was money you didn’t have to pay back, well, Thank You Government for taking over $10,000.00 in garnished wages on a so called “GRANT” I believe that money is owed back to me, they had no right what so ever to “literally” “steal” all that money from me! How do you plan to re-pay those you have taken from un-rightfully?? If any one has any leads on how I can recover my “stolen” grant money, I’d be interested in knowing. By the way, my grant was for $2500.00, they took over $10,000.00 in re-payment!!! ONCE AGAIN, THANK YOU GOVERNMENT!

Luvs? I don’t want to say you’re full of shit, but you’re full of shit. $2500 “grant” and wage garnishment for 12 years and 25 years later garnishment again? At 1000% interest your numbers still don’t add up.

Luvspanthers

for 12 yrs they took for the loan, 25 years later they are taking out for the the so called “Grant”~ yes, I am telling the truth! thank you!

Jim

Buy a few more votes with taxpayer money Barry. Obama is brazenly shameless and needs to be removed from office.

Anything that government tries to make ‘affordable’ by handing out money, subsidies, special treatment or loans has always seen costs rise faster than inflation. Public education, Medicare, higher education, health care….even housing, until the debt bubble collapsed under its own weight and wiped out the wealth of millions.

We don’t need more gender studies other other B.S. majors that leave the young hapless Obama voters in debit and without a hob.

Your spelling and horrific grammar is proof positive that you shared this same crappy, cynical attitude while you were IN SCHOOL, if you attended at all. Good luck with life.

Anonymous

Ask taxpayers that could not afford school to help pay off debt of those who went? Really? Ask people that paid off their student loans to pay off those who haven’t? Really? I am sure an unemployed roofer wants to help pay off a doctor’s debt. I am sure a farmer wants to pay off student loans for someone that specialized in ethnic studies or early french literature. This is not socialism. This is becoming communism.

Relax for a second. You are rushing to crazy! What exactly are you attacking? There is ZERO detail in any of this that Obama or anyone is trying to wipe off student debt. It’s in your mind, just like the zombies Glenn Beck told you about.

mcpain

back up: tax payers are the ones who carry the burden of farming subsidies, so, yeah, farmers should pitch in on student debt.

Anonymous

Only a few farmers garner subsidies. No one growing orchards, vegetables, or livestock receive these. They are selected leftovers from the last progressive President when FDR decided to pay for grains and cotton in exchange for votes. It always starts with a politician giving away other people’s money to buy votes.

aniee

The taxpayers are the ones that are supporting the Federal Pell Grant program. This program, designed to help ‘the less advntaged’ is nothing more than a redistribution program that has been around for at least 40 yrs. The middle class is as usual the ones caught between a rock and a hard place. Money that is paid from your taxes goes to this program. If you are a wage earner with a ‘fair and reasonable’ wage, not rich, used to be called middle class, your own kids will not qualify for the ‘FREE GRANT MONEY.! You, mr. and mrs. taxpayer will have to take out the ‘Plus Loan’s to aid your own children. Then your kid will have to take out student loans in their name, but you will still be paying into this program too. HOW MANY KIDS DOES ONE SET OF TAXPAYERS HAVE TO SEND TO COLLEGE? The entire Federal Pell Grant program needs to be dissolved. It is discriminatory in the fact that it is only designed to serve a ‘select population’ of people. Either give everybody a free four yr. post high school education, or dissolve this program. If that money disbursed for these grants were left alone and left in a fund, every student loan in this country could be wiped out and that money left in fund would in essence ‘make up that loss.’ How come no one ever talks about this entitlement program?

Cjohnson1979

What about the responsible students who have made through college with hardly no debt or no debt at all?

college students can better manage their debt if they have a job, Mr. President …

Scanlanrich

Will the Occupy Denver movement be marching at the Pepsi Center today? Last time I checked a member of the 1% will be attending a fundraiser with more of the 1%. What a perfect time to show the movement isn’t anything more than an orchestrated attempt to get Democrats elected

Government gets involved in healthcare, mandates this and that, pays this and that…thus destroying the normal economic flow, that of supply and demand and the market (buyer and seller) dictating price, and HC goes thru the roof. And of late, they have done the same with college tuition, which artificially inflates prices and prices most out of the market without “help”.

Obviously Gvrmnt can do nothing but cause costs to go up, rather than allow normal market forces to dictate price. Thanks Gvmnt but please now step down and leave us to clean up your mess.

Anonymous

Lee McLaughlin……………Who holds your student loan? Mine was just purchased by Nelnet, ( Nebraska). I googled and discovered the CEO is compensated $1010.440 yearly. It is selling stock on the open market NNI-NYSE $24.11 per share, My loan interest rate is 6.125%, ( In 20 years, I haven’t found a bank that offers more than 5% on a savings account.) So those stock investors are paying into an investment dependant on the ablility of Ms. McLaughlen, disabled, & Me, a 72 year old woman in a rural area, where population & jobs are very limited & low paying ( Lowes & Friendly’s are closing here for lack of business.) I have always been successfully self employed, but when people have NO MONEY to buy things that doesn’t work. Looks like stock holders are investing in pie in the sky! But at least they are paying the CEO’s salary! Wall Street has made it to Nebraska.
‘Nelnet is under contract to the US D o Education…………….I think I now understand the reason for why Sen Ben Nelson ( D) NE, voting with the Republicans so frequently!

Indentured Student

Although facially beneficial, this initiative is akin to applying a band-aid on an amputation.

According to information released by the Department of Education, student loan indebtedness is nearing the one trillion dollar marker. Of this debt, approximately $610 billion are loans outstanding with the FDSLP, the FFELP or other federal lending programs. The remaining debt, over $350 billion, is comprised of outstanding student loans with private-sector lending organizations such as Sallie Mae, Wells Fargo and Capital One. Essentially, one-third of all student loans are private student loans through these institutions and other banks. Unlike the public student loans, these private student loans do not benefit from income-based repayment, public service repayment forgiveness or deferment during periods of economic hardship.
According to information currently available, President Obama’s student loan initiative will allow graduates to consolidate their public student loans (those through FDSLP, FFELP and similar federal programs) and reduce the payments on these loans from 15% to 10% of their discretionary income. However, for the vast majority of graduates, those of us with both private and public student loans, the private student loan payments due each month will remain unchanged.

Anonymous

Obama is relying upon dictatorial ‘executive orders’ more and more as he faces adversity. What has happened to representative democracy?

is this jerk president going to evr “swing through the white house” and BE A PRESIDENT FOR THE USA. Seems he’s always on a swing somewhere else campaigning for MONEY for HIMSLF and the democratic party under the guize of this or that. will he mention hes allowing debt collectors greater access to students cell phome numbers to track them down, again hes forcing something on people using “end runs around congress. This idiot is our president yet he prefers to act like a petty dictator. If I was black I would hang my head in SHAME.

cap at ten percent – jeez, do the math those loans WILL DRAG ON FOREVER, efforts to find out why colleges are spending BILLIONS on mostly unecessary infrastructure improvements which only raise tuition costs. I have seen our local university spend like money fell from the skies on huge campus projects like 20 large kiosks with the universities name on it – like the students need these $200k sign posts to tell them they are still on campus. what a waste. fees have skyrocketed there with these improvements. Oh yeah the chancellor salary has been raised to over $400k per yr. WITH housing, car, gas perks etc. etc.
address that mr obuma.

Drd

Here is a question that seems to not get any headlines. Who are the real beneficiaries of the money that is being lent? The answer are the schools!!!!!! Wake up, and look at the institutions that are taking in these billions of dollars. Are there ways to cut these expenses? Think about it.

carl escudero

If you are a UK resident, and you find yourself under the thumb of heavy
debt to the point that a collection agency debt services company gets
involved, and you feel that they have overextended their rights to the
point that they intrude on yours, there is a solution, the OFT, or
Office Of Fair Trading

Anonymous

Greer is from Paonia and is majoring in Spanish. She was her high
school’s valedictorian in 2006 and is a stellar student at CU-Denver,
school officials said

Education is such an important area to the future of our country that the U.S. is willing
to make large investments in the form of grants to help. The education system
knows that it’s difficult for most students to afford the average $20,000 per
year college bill, so the U.S. Government can offer as much as $50,000 per year
in college grants. These education grants help both men and women.

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Joey Bunch has been a reporter for 28 years, including the last 12 at The Denver Post. For various newspapers he has covered the environment, water issues, politics, civil rights, sports and the casino industry.